Harbor Capital Advisors Inc. Sells 581 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Harbor Capital Advisors Inc. trimmed its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,841 shares of the company’s stock after selling 581 shares during the period. Harbor Capital Advisors Inc.’s holdings in Global-E Online were worth $482,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GLBE. Fred Alger Management LLC acquired a new position in shares of Global-E Online in the 3rd quarter worth approximately $53,493,000. JPMorgan Chase & Co. grew its position in Global-E Online by 40.7% in the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after acquiring an additional 533,675 shares during the period. Dragoneer Investment Group LLC raised its stake in Global-E Online by 9.6% during the second quarter. Dragoneer Investment Group LLC now owns 14,734,024 shares of the company’s stock worth $534,403,000 after acquiring an additional 1,288,829 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Global-E Online during the second quarter valued at $623,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of Global-E Online by 23.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock valued at $1,997,000 after purchasing an additional 10,000 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Up 2.7 %

Shares of NASDAQ:GLBE opened at $54.53 on Wednesday. The company’s fifty day simple moving average is $51.11 and its 200 day simple moving average is $41.29. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of -94.02 and a beta of 1.22. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $57.85.

Wall Street Analysts Forecast Growth

GLBE has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Global-E Online in a report on Monday, November 18th. The Goldman Sachs Group raised their price target on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group decreased their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Morgan Stanley downgraded shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a research report on Friday, October 18th. Finally, Raymond James boosted their price objective on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.25.

Global-E Online Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.